THE MAINSTAY FUNDS MAINSTAY FUNDS TRUST MAINSTAY VP FUNDS TRUST AMENDMENT TO AMENDED AND RESTATED SUBADVISORY AGREEMENT
THE
MAINSTAY FUNDS
MAINSTAY FUNDS TRUST
MAINSTAY VP FUNDS TRUST
AMENDMENT
TO AMENDED AND RESTATED SUBADVISORY AGREEMENT
This Amendment to the Amended and Restated Subadvisory Agreement, is made as of the 27th day of May 2024, between New York Life Investment Management LLC, a Delaware limited liability company (the “Manager”) and MacKay Xxxxxxx LLC, a Delaware limited liability company (the “Subadvisor”).
WHEREAS, the Manager and the Subadvisor are parties to the Amended and Restated Subadvisory Agreement, dated January 1, 2018, as amended (“Agreement”); and
WHEREAS, the Manager and the Subadvisor hereby wish to amend Schedule A of the Agreement to reflect the additions of MainStay MacKay Arizona Muni Fund, MainStay MacKay Colorado Muni Fund, MainStay MacKay Oregon Muni Fund and MainStay MacKay Utah Muni Fund.
NOW, THEREFORE, the parties agree as follows:
(i) Effective May 27, 2024, Schedule A is hereby amended by deleting it in its entirety and replacing it with the Schedule attached hereto.
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IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly authorized officers and attested effective as of the date first written above.
NEW YORK LIFE INVESTMENT MANAGEMENT LLC
Attest: /s/ Xxxxx X. XxXxxxx | By: /s/ Xxxx X. Xxxxxxx |
Name: Xxxxx X. XxXxxxx | Name: Xxxx X. Xxxxxxx |
Title: Director and Associate General Counsel | Title: Senior Managing Director |
MACKAY XXXXXXX LLC
Attest: /s/ Xxxxx Xxx | By: /s/ Xxxx X. Xxxxxxxxxx |
Name: Xxxxx Xxx | Name: Xxxx X. Xxxxxxxxxx |
Title: Senior Managing Director and General Counsel | Title: Executive Managing Director and |
SCHEDULE A
(As of May 27, 2024)
As compensation for services provided by Subadvisor, the Manager will pay the Subadvisor and Subadvisor agrees to accept as full compensation for all services rendered hereunder, at an annual subadvisory fee equal to the following:
FUND / PORTFOLIO | ANNUAL RATE ON ALLOCATED ASSETS |
The MainStay Funds | |
MainStay Income Builder Fund (investment sleeve)* | 0.32% on assets up to $500 million; 0.2875% on assets from $1 billion to $5 billion; and |
MainStay MacKay Convertible Fund* | 0.30% on assets up to $500 million; |
MainStay MacKay High Yield Corporate Bond Fund | 0.30%
on assets up to $500 million; 0.25% on assets from $7 billion to $10 billion; and |
MainStay MacKay Strategic Bond Fund* | 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; |
MainStay MacKay Tax Free Bond Fund* | 0.225%
on assets up to $500 million; |
MainStay MacKay U.S. Infrastructure Bond Fund* | 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and |
MainStay MacKay Arizona Muni Fund* | 0.225% on all assets |
MainStay MacKay California Tax Free Opportunities Fund* | 0.225% on assets up to $1 billion; |
MainStay MacKay Colorado Muni Fund* | 0.225% on all assets |
FUND / PORTFOLIO | ANNUAL RATE ON ALLOCATED ASSETS |
MainStay MacKay High Yield Municipal Bond Fund* | 0.275%
on assets up to $1 billion; |
MainStay MacKay New York Tax Free Opportunities Fund* | 0.225% on assets up to $1 billion; |
MainStay MacKay Oregon Muni Fund* | 0.225% on all assets |
MainStay MacKay Short Duration High Income Fund* | 0.325% on all assets |
MainStay MacKay Short Term Municipal Fund* | 0.175%
on assets up to $1 billion; |
MainStay MacKay Strategic Municipal Allocation Fund* | 0.20% on all assets |
MainStay MacKay Total Return Bond Fund* | 0.225% up to $1 billion; 0.22% from $1 billion to $3 billion; and 0.215% over $3 billion |
MainStay MacKay Utah Muni Fund* | 0.225% on all assets |
MainStay VP Funds Trust | |
MainStay VP Income Builder Portfolio (investment sleeve) | 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion |
MainStay XX XxxXxx Convertible Portfolio | 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $2 billion; 0.245% on assets from $2 billion to $5 billion; and 0.24% on assets over $5 billion |
MainStay XX XxxXxx High Yield Corporate Bond Portfolio | 0.285%
on assets up to $1 billion; 0.2625% on assets over $5 billion |
MainStay XX XxxXxx Strategic Bond Portfolio* | 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion |
MainStay XX XxxXxx U.S. Infrastructure Bond Portfolio | 0.25% on assets up to $500 million; |
The portion of the fee based upon the average daily net assets of the respective Allocated Assets shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Allocated Assets. Payment will be made to the Subadvisor on a monthly basis.
* The Manager has agreed to waive a portion of the Fund’s/Portfolio’s management fee or reimburse the expenses of the appropriate class of the Fund/Portfolio so that the class total ordinary operating expenses do not exceed certain
amounts. These waivers or expense limitations may be changed with Board approval. To the extent the Manager has agreed to waive its management fee or reimburse expenses, the Subadvisor, upon reasonable prior notice from the Manager, has voluntarily agreed to waive or reimburse its fee in proportion to the percentage of the total subadvisory fee that the Subadvisor earns.
